Company Registration No. 3489178 (England and Wales)
Wokingham Masonic Centre Limited
Unaudited accounts
for the year ended 31 December 2022
Wokingham Masonic Centre Limited
Unaudited accounts
Contents
Wokingham Masonic Centre Limited
Company Information
for the year ended 31 December 2022
Directors
Alan Bridge
Bruce Glasby
Michael Newton
Peter Brown
Richard Sheppard
Timothy Dummer
Company Number
3489178 (England and Wales)
Registered Office
7 Reading Road
Wokingham
Berkshire
RG41 1EG
United Kingdom
Accountants
Bingham and Co Accountants Ltd
3 South View Close
Twyford
Reading
Berkshire
RG10 9AY
Wokingham Masonic Centre Limited
Statement of financial position
as at 31 December 2022
Tangible assets
570,495
570,056
Cash at bank and in hand
33,997
44,612
Creditors: amounts falling due within one year
(4,400)
(6,880)
Net current assets
35,486
45,912
Net assets
605,981
615,968
Profit and loss account
605,981
615,968
Members' funds
605,981
615,968
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2023 and were signed on its behalf by
Richard Sheppard
Director
Company Registration No. 3489178
Wokingham Masonic Centre Limited
Notes to the Accounts
for the year ended 31 December 2022
Wokingham Masonic Centre Limited is a private company, limited by guarantee, registered in England and Wales, registration number 3489178. The registered office is 7 Reading Road, Wokingham, Berkshire, RG41 1EG, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates,. Turnover from the sale of goods is recognised when goods have been delivered to customers. Turnover from the rendering of services is recognised when the service is complete. Turnover from memberships is recognised in the period to which it relates.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Wokingham Masonic Centre Limited
Notes to the Accounts
for the year ended 31 December 2022
The financial statements have been prepared on a going concern basis. The turnover for the year has decreased significantly and a loss is shown, this is due to the national lockdowns as a result of the COVID-19 pandemic and the closure of the hospitality industry. The directors believe that the company is a going concern due to the support of its members and the government.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
557,270
47,305
73,739
678,314
At 31 December 2022
557,270
54,547
73,739
685,556
At 1 January 2022
12,000
39,947
56,311
108,258
Charge for the year
2,000
2,189
2,614
6,803
At 31 December 2022
14,000
42,136
58,925
115,061
At 31 December 2022
543,270
12,411
14,814
570,495
At 31 December 2021
545,270
7,358
17,428
570,056
Amounts falling due within one year
Accrued income and prepayments
1,937
2,357
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,400
6,600
Taxes and social security
-
280
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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Average number of employees
During the year the average number of employees was 0 (2021: 0).
